Under the Medicare Prescription Drug Program,a Coverage Gap (Also Called

question 45

Multiple Choice

Under the Medicare Prescription Drug Program,a coverage gap (also called a "donut hole") exists after the beneficiary and drug plan pay a certain amount for covered drugs.The coverage gap refers to

• A)the large,up-front deductible that must be satisfied if the patient has a prescription for a covered brand-name drug.
• B)the temporary gap in coverage that begins when the beneficiary and drug plan pay a certain amount for covered drugs during the year and ends when the catastrophic limit is reached and coverage resumes.
• C)the temporary gap in coverage that begins after beneficiaries reach the lifetime limit on catastrophic drug expenses and ends when a new deductible is met and coverage resumes.
• D)the temporary gap in coverage that begins when prescription benefits terminate for beneficiaries who attain age 68 and resumes when beneficiaries attain age 72.

Familiarize with the concept of short selling and futures positions in financial markets.

Grasp the cash flow characteristics and rights of preferred stockholders versus common stockholders.

Identify the components of major international market indexes.

Understand securitization and its examples in the financial markets.

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Definitions:

Common Shareholders

Owners of common shares in a company, entitled to vote at shareholder meetings and receive dividends.

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest values.

Lowest Terms

This term is used in mathematics, particularly fractions, to describe a fraction that has been simplified to its smallest possible numerator and denominator.

Relative Consumption

A measure comparing an individual's or group's consumption levels to another's or to a benchmark, often used to analyze economic well-being or social status.